This beautifully designed restaurant and bar, Corners Tavern, is located in a prime location at the Broadway Plaza Shopping Center in Walnut Creek.  It is next to a major shopping center and a vibrant downtown area that has an abundance of retail shopping, offices and multi residential units. The initial operator spent well in excess of a million dollars building out this beautiful space.  The restaurant dining room seats approximately 150 including a moderate size outdoor seating area.  There is a separate bar area and lounge adjacent to the dining room and there is a U shaped bar with 28 bar stools with additional bar seats around the bar area There is a private banquet room which seats 24.  The decor has high quality materials, high ceilings and a large glass frontage which opens.  In addition to the main kitchen, there is a prep kitchen, dishwashing area, service stations, 2 ADA restrooms, storage areas, delivery area and office. Some of the equipment includes as follows:  2 - 11' type 1 hoods with fire suppression systems, 2 convection ovens, 2 double basket fryers, 4 -6 burner units over ovens, 1 holding oven, 3' char grill, salamander,  1 undercounter refrigerator unit which includes 1 door + 4 undercounter drawers with a sandwich station on top, 2 compartment drop in freezer, utility sink, toaster oven, microwave, slicer, 4 hand sinks, POS system, 42 employee lockers, 12 undercounter refrigerator drawers, 2 group espresso machine, 2 -2 door undercounter refrigerators, 4 glass door undercounter refrigerator, 3 walkin refrigerators, 2 full door freezer, 2 -3 compartment sinks, 3 -2 compartment sinks, mop sink, ice machine, 2 ice bins and 16 taps, etc.  The two undercounter dishwashers and main dishwasher is rented. The business recently closed.

General Info

  • OrganizationLLC
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating150 - dining rm+ 50 - bar area + 24 - banquet rm
  • Square Feet6582
  • ParkingParking lots and street parking
  • LicensesBusiness, ABC Type 47 (hard liquor)
  • Open HoursContact For Info

Lease

  • Rent$25,458 + NNN
  • Expiration6/1/34 including options
  • Yearly IncreaseFixed increases
  • Option2 - Five Year Options + 1- 2 year option
  • DepositContact For Info

Financials

  • Monthly Revenue$304,428
  • Monthly Cash FlowContact For Info
  • Annual Revenue$3,653,136
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location